7 Closings in 7 days, Who Said It’s a Tough Year in Tampa Bay Real Estate
Who Said It’s a Tough Year in Tampa Bay Real Estate?
It’s no secret that the rise in interest rates has caused many to question if now is the right time to buy or sell. Sure, rates can impact supply and demand, but if you think Tampa Bay’s market is slowing down, think again! I just closed seven transactions in as many days, each one unique and rewarding. These closings tell a story: life events, first-time buys, and investment goals are keeping our local market busy. Here’s a closer look at each deal and how we’re navigating the Tampa real estate landscape to make dreams come true!
Closing 1: Affordable Villa in Parrish, FL – Lilly Courts Loop
This first closing was truly exciting. My client was looking to downsize while keeping quality and value high. We found a brand-new villa in Parrish for under $340,000, a rare find in today’s market. This 3-bedroom, 2-bath, 2-car garage villa was the perfect fit, giving her everything she wanted in a quieter neighborhood. Although it meant moving a bit farther from St. Pete, she now enjoys an affordable new home with the space and features she wanted. It’s proof that with flexibility, you can find fantastic value in today’s market!
Closing 2: First-Time Homeowners in Seminole Heights – North Highland Ave Bungalow
Helping young couples buy their first home is always special, and this charming 3-bedroom, 2-bath bungalow in Seminole Heights was a perfect fit. My clients, both 25 years old and proud dog parents, secured this home with a solid 20% down payment, thanks to some smart savings and a recent promotion that expanded their budget to $443,000. Even better, we negotiated a brand-new roof before the Florida storms hit. Working with Didier from DDA Mortgage, who arranged their financing, I was thrilled to support this milestone moment in their journey.
Closing 3: Rooftop Townhome Investment South of Ybor City
Tampa’s appeal extends beyond U.S. borders, and my third closing proves it. Canadian buyers invested in a brand-new, rooftop townhome just south of Ybor City for $485,000. With 3 bedrooms and a top-notch rooftop deck, this property is ideal for both personal use and as a valuable investment opportunity. This quality property stands as a testament to the ongoing investment interest in Tampa, bringing fresh opportunities to international and local investors alike.
Closings 4, 5, & 6: Cash Investor Acquires Three Luxury Townhomes
My fourth, fifth, and sixth closings this week involved a cash investor purchasing three high-end townhomes, each valued at $900,000. We moved fast to ensure all units were prepared for leasing, and within days of closing, the properties were fully leased. These homes are prime examples of Tampa’s demand for luxury rental properties, and I’m grateful to help investors find lucrative opportunities. Getting these townhomes move-in ready was a team effort, showcasing the strength and opportunity in Tampa’s rental market.
Closing 7: First-Time Buyer Secures Cozy Ranch in Seminole
My final closing of the week brought together a first-time buyer and a seller who already knew each other but needed a bit of guidance through the legal process. This sweet 2-bedroom ranch in Seminole became the new home for an excited buyer, thrilled to embark on her homeownership journey. Didier from DDA Mortgage worked wonders here, securing a 1% down payment through special financing. The seller even covered closing costs and a new roof, creating a smooth transition for both parties. It’s moments like these that make my job so fulfilling.
Tampa’s Real Estate Market: Busy and Resilient
Despite higher interest rates, life doesn’t stop, and neither does Tampa’s real estate market. People still need homes, whether it’s a first-time buy, an investment opportunity, or a fresh start. This week’s closings show that demand is very much alive and well in our area. Buyers are still finding ways to secure great deals, and sellers are meeting them halfway to close the deal.
Ready to Explore Your Options? Let’s Make a Plan!
Thinking about buying or selling? Don’t let interest rates hold you back. The Tampa market is moving, and I’d love to help you take the next step. Reach out today to explore your options, ask questions, or just chat about what’s possible in today’s market. Let’s make your real estate goals a reality!
Call Kevin at 727-410-8599 or visit www.kevinfreel.com. Follow him on Instagram for the latest listings and real estate insights: @Kevinsellstampabay.